On November 26, Binance announced plans to delist $GFT on December 10, 2024. Following the announcement, the Gifto team minted 1.2B $GFT (~$8.6M) within 8 hours and deposited them into exchanges. The sudden influx of tokens appears to have flooded the market, triggering a sharp ~40% drop in $GFT’s price. This move raises concerns about the token’s future ahead of its delisting.
Source: https://coinpedia.org/crypto-live-news/binance-to-delist-gft-as-price-crashes-40/